Rekor Systems Inc (NASDAQ: REKR) is -9.29% lower on its value in year-to-date trading and has touched a low of $0.62 and a high of $2.67 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The REKR stock was last observed hovering at around $1.46 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $1.41, the stock is 22.65% and 43.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.86 million and changing -3.08% at the moment leaves the stock 16.44% off its SMA200. REKR registered -13.19% loss for a year compared to 6-month gain of 69.14%. The firm has a 50-day simple moving average (SMA 50) of $0.98384 and a 200-day simple moving average (SMA200) of $1.215185.
The stock witnessed a 56.89% loss in the last 1 month and extending the period to 3 months gives it a 21.98%, and is 21.98% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 16.04% over the week and 8.53% over the month.
Rekor Systems Inc (REKR) has around 323 employees, a market worth around $167.08M and $45.45M in sales. Profit margin for the company is -118.09%. Distance from 52-week low is 127.86% and -47.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-87.91%).
The EPS is expected to grow by 66.67% this year.
Rekor Systems Inc (REKR) Top Institutional Holders
137.0 institutions hold shares in Rekor Systems Inc (REKR), with institutional investors hold 43.34% of the company’s shares. The shares outstanding are 118.08M, and float is at 112.08M with Short Float at 18.57%. Institutions hold 41.13% of the Float.
The top institutional shareholder in the company is ARCTIS GLOBAL LLC with over 10.04 million shares valued at $15.56 million. The investor’s holdings represent 11.8182% of the REKR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.36 million shares valued at $6.76 million to account for 5.1383 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 4.05 million shares representing 4.7734% and valued at over $6.28 million, while TEJARA CAPITAL LTD holds 4.4125 of the shares totaling 3.75 million with a market value of $5.81 million.
Rekor Systems Inc (REKR) Insider Activity
The most recent transaction is an insider purchase by Arctis Global LLC, the company’s 10% Owner. SEC filings show that Arctis Global LLC bought 2,275,000 shares of the company’s common stock on Jul 05 ’24 at a price of $1.40 per share for a total of $3.19 million. Following the purchase, the insider now owns 12.31 million shares.
